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Tag: cost-cutting

Nike announces job cuts due to declining sales
Business
  • Web Desk
  • Feb 16, 2024
Nike to cut over 1,600 jobs amid declining demand

Nike, the global sportswear giant, has revealed plans to trim approximately 2 per cent of its total workforce, equating to over 1,600 jobs.

Nokia
Technology
  • Web Desk
  • Oct 19, 2023
Nokia to cut 14,000 jobs due to poor sales performance

On Thursday, Nokia, the renowned phone manufacturer, revealed plans to slash up to 14,000 jobs as part of a cost-cutting strategy.

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